Comments on: Class, Required Overnight Reading on “Toxic Assets”and A.I.G. by Spitzer

By: JRD

JRD — Wed, 13 May 2009 22:51:52 +0000

I imagine you never had any dealings with SHITZER. He is the most vile form of vermin that ever walked the face of the earth. I wouldn`t trust him at all. PERIOD!

By: Elliot Spitzer versus Jim Cramer : NO QUARTER

Elliot Spitzer versus Jim Cramer : NO QUARTER — Wed, 13 May 2009 17:32:53 +0000

[...] I got bored with fast-forwarding through Hannity last night who devoted an unbelievable 45 minutes (!) to the Miss California non-news story, so I checked out Rachel Maddow. Her guest? The always compelling Eliot Spitzer, whose recent remarks to CNN’s Fareed Zakaria were covered at No Quarter in two posts, the last of which was “Class, Required Overnight Reading on “Toxic Assets”and A.I.G. by Spitzer.” [...]

By: FranSC

FranSC — Tue, 24 Mar 2009 06:25:16 +0000

I am quite puzzled by the comments from John Smith:

“You know that BO was involved in all of this. That is why they won’t break up the banks”??

What a gross overstatement of BO’s knowledge of this very complicated situation. His pathetically thin resume simply would not have afforded him any opportunities in that regard. Do you think he could have been involved in learning about and making policy decisions on the investment banking industry while he was still organizing the streets of Chicago or could it have been during the time he was voting “present” in his Illinois State Senate days that led to his running for the US Senate and for POTUS all at the same time? Oh, please!

As a democrat, Spitzer had the partisan obligation to speak well of his fellow democrats, but this should not be perceived as “ass kissing” as you suggest. Given Spitzer’s impressive credentials as Prosecutor, Attorney General, and then Governor of NY, I hardly think he needs BO to get him back into the ‘game’.

While Spitzer disgraced himself, he can still run intellectually articulate circles around Obama, despite his supporters’ continued claims to Obam’s ‘brilliance’.

By: FranSC

FranSC — Tue, 24 Mar 2009 05:24:56 +0000

I agree Susan. Spitzer after all was/is a partisan democrat. I appreciated his contrition on his own very bad behavior and feel that he should be participating in finding the solutions to the whole investment banking disaster.

Having prosecuted some of these investment bankers, he is in the unique position to understand how the investment banks went wrong. Spitzer is the FIRST to explain this situation effectively with a backdrop of impressive knowledge and insight. The president should have been the one to educate the public on this. But how could he? He doesn’t understand it any better than the rest of us.

Spitzer has shown that he, like the Clintons can take a very complex subject and put it into a context that helps us grasp the gist of it.

By: cynic

cynic — Mon, 23 Mar 2009 19:02:38 +0000

The only supposed approximation of a socialist Utopia I’m aware of was Woodstock, where the mud was ankle-deep, food and shelter were insufficient, and they couldn’t bring in enough Porta-Potties. Supposedly the happiest people in the world presently live in Denmark:

http://abcnews.go.com/2020/story?id=4086092&page=1

They’re pretty much a socialist democracy. The people there apparently believe that the purpose of government is to make people happier, not richer–an idea that is unlikely to catch on here, because so many of us now equate happiness with wealth. For what it’s worth, the 1950s of my childhood was a far happier era, even though money was very tight. I can recall my father bringing home a pay check of $40 per week.

By: PamFlorida

PamFlorida — Mon, 23 Mar 2009 18:53:56 +0000

Spitzer got too close to the truth and was punished politically.
Do you really think he is any worse than the thugs in the DC “bubble”?
I find it telling that he mentioned Barny Frank as someone who is smart enough to unravel this mess, IF he wanted to. As to his understated compliment of Obama, perhaps Spitzer, too, is unsure whether the POTUS has the political will and knowledge to take control from the rats in the basement or is content to play the American Idol.
We shall see. This crisis is not going away until more s##t hits the fan. AIG is the crux of the problem and a perfect money laundering operation to bail out global financial institutions. Once the US taxpayers have been bled dry, AIG will be an empty shell and the American people will be left holding worthless paper.

By: Let’s Check Timmy’s “Toxic Assets” Plan : NO QUARTER

Let’s Check Timmy’s “Toxic Assets” Plan : NO QUARTER — Mon, 23 Mar 2009 17:54:17 +0000

[...] Commission, whose portrait graces the cover of my Stanford alumni magazine. Ms. Born — like Eliot Spitzer on Sunday — warns against the no-regulation extremists! Since you can’t see that article, unless [...]

By: Peggy Sue

Peggy Sue — Mon, 23 Mar 2009 17:38:23 +0000

It certainly appears that everybody and their sister is in bed with one another: Wall Street and Washington, and the incestual realtionship has produced an economic nightmare.

Was Spitzer getting too close to the AIG fraud with those initial investigations? Was that why the hounds of hell were let loose? I’m not trying to make excuses for the man’s poor judgment in his personal life, but slamming him with a very public humiliation would be a very effective way to get Spitzer to back off, permanently.

Many of his comments made a lot of sense, but lauding the likes of Barney Frank [he of the Fannie Mae and Freddie Mac love song] doesn’t sit right with me. But . . .

This is an all-hands on deck moment. Strangely, I remember McCain calling for the resignation of Cox at the SEC, and people went nuts, saying he was entirely off the mark.

They were wrong. And my fear is that those same people are wrong again, on both sides of the aisle. If we manage to squeak through this, there will need to be a true investigation on the who, what, when and where. FDR had an investigating committee during the Depression, the Pecora hearings where the likes of JP Morgan were raked over the coals. And the prosecutor [Pecora] was a considered a pitbull.

I wonder if this is what Spitzer has his eye on??

By: Mercedes

Mercedes — Mon, 23 Mar 2009 16:45:49 +0000

Very interesting. Mr Spitzer is definitely a very knowledgeable, nuts and bolts guy who says he is a fan of Obama. There you go, Barack. Tell Tim Geithner good-by, throw him under the bus, and replace him with Eliot Spitzer. I have no doubt the vast majority of Americans will forgive Mr Spitzer his past indiscretions and poor judgement. At least he admits he has faults which puts him head and shoulders above our current POTUS.

By: Docelder

Docelder — Mon, 23 Mar 2009 15:54:14 +0000

At some point we are all going to come together. I hope it will not be too late. Our enemy isn’t the far left, or the far right it’s actually the system that created both of these and which allows them to flourish at the expense of the majority of the rest of us.

By: Doc99

Doc99 — Mon, 23 Mar 2009 15:03:52 +0000

Good point, Brian. I second that emotion.

By: Brian

Brian — Mon, 23 Mar 2009 12:00:47 +0000

If there’s a single individual responsible for the AIG crisis, it’s the narcissist freak ex-Governor Eliot “the choker” Spitzer. By threat of prosecution, Spitzer removed Hank Greenberg as CEO of AIG. Greenberg avoided the toxic securities which were the downfall of AIG just a few years later.

By: JRD

JRD — Mon, 23 Mar 2009 11:22:18 +0000

I have personal experience with Spitzer. He is a thug just like 0bama and ACORN. He used ACORN “community terrorizing” tactics to intimidate Wall Street “to pay up so he would shut up.”

He accused but, didn`t go all the way. He was grandstanding just to get to be governor.

The man is a human waste product and a hypocrite.

Anyone who recommends Barney Frank needs their head examined.

By: American Girl in Italy

American Girl in Italy — Mon, 23 Mar 2009 11:18:04 +0000

Hey you! what’s up?! :O)

By: elise

elise — Mon, 23 Mar 2009 09:29:13 +0000

If I am reading this correctly Susan, Goldman Sachs received their own share of bailout money, part of AIGs bailout money and $5billion from Warren Buffet. No wonder their stock is doing better than the other banks. Why is AIG different from ENRON? They were inflating their books as well and I will refuse to accept a financial institution is “too big to fail” anymore. This is just another one of the myths passing as fact and accepted after being repeated often by those who are supposed to know what they’re talking about. I agree with many things Spitzer said and he could very well have been trapped in his behavior by some of the enemies he made on Wall Street. But repeating the lie Obama is a brilliant leader also leads me to believe he hasn’t given up on his political ambitions and is trying to win some points with the Democratic leadership. Thanks for this interesting information.